Story updated at 10 a.m. to reflect market activity.
Orcale was gaining 0.2% to $41.05 in morning trading.
The firm raised its price target for the company to $47 from $38. According to Societe Generale analysts Richard Nguyen and Derric Marcon Oracle is leveraged to the database upgrade cycle.
"In our view, the current valuation reflects short-term risks, notably the transition to the cloud, but not yet the upside potential related to the upgrade cycle in the highly profitable database business," the analysts wrote."
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Separately, TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ORACLE CORP (ORCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: